Map of Waldburg on In this framework, there is a potential efficiency gain if government subsidizes education enough to move the quantity of education consumed from the free-market equilibrium quantity to the socially efficient quantity. Harvey S. Rosen points out that we do far more than merely subsidizing education in order to achieve a socially efficient outcome when we make public education both free and compulsory. Thus, the explanation for public education is probably based partly on efficiency and partly on equity considerations. Many hold an egalitarian view that each person is entitled to a good education. 238 education The synthesis of education and technology continues to increase worker productivity into the 21st century. Because we invest so much in education, both as individuals and as a society, we are naturally very interested in knowing whether and how much increased expenditure on education leads to an improved educational outcome. Map of Waldburg 2016.
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Map of Waldburg Holiday Map Q.